Digital Substation Market - Top Companies and Manufacturers

Companies Dominating the Digital Substation Landscape

In the market companies are transforming the entire digital landscape of the substation. Through their innovative efforts in automation, real-time monitoring makes it effortless and frictionless for utilities to optimize distributed renewable energy. For instance, in September 2023, One Energy Enterprises Inc. declared that it had finished building America's first plug-and-play transmission voltage level substation that was fully digital. Additionally, this transformation is a crucial step towards cybersecurity, which safeguards digital infrastructures from threats.

Here’s the list of some key players:

ABB Ltd.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Siemens AG
General Electric Co.
Schneider Electric
Honeywell International Inc.
Cisco Systems Inc.
Eaton Corporation plc
Emerson Electric Co.
NR Electric Co. Ltd.
OMICRON
NovaTech
Belden Inc
Net Control Group

Browse Key Market Insights with Data Illustration:

Digital Substation Market Size & Share | Growth Trends 2037

In the News

In March 2024, WEG carried out energizing a digital substation to transmit energy. Its digital substations, which use state-of-the-art technology, are transforming the electrical industry by increasing the speed, safety, and cost-effectiveness of substation projects.
In May 2022, ABB India announced the expansion of its factory for digital substation products and digital systems. It was designed to handle the increasing demand for a variety of digital substation products and digital solutions in India and more than 50 other countries.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the digital substation market was estimated at over USD 6.5 billion.

The market size of the digital substation market is projected to cross USD 15.8 billion by the end of 2037 expanding at a CAGR of 7.7% during the forecast period i.e., between 2025–2037.

The major players in the market are ABB Ltd., Cisco Systems Inc., General Electric Co., Honeywell International Inc., Eaton Corporation plc., Emerson Electric Co., and others.

Based on type, the distribution substation segment is anticipated to garner the largest market share of 79.7% by 2037 and display lucrative growth opportunities during 2025–2037.

The market in North America is projected to hold the largest market share of 48.7% by the end of 2037 and provide more business opportunities in the future.

Digital Substation Market - Top Companies and Manufacturers

Companies Dominating the Digital Substation Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the digital substation market?

What is the outlook for the digital substation market?

Who are the major players dominating the digital substation market?

Which segment will capture the significant market share for the digital substation market by 2037?

Which region will provide more business opportunities for the growth of the digital substation market in the future?